Retirement

Stephen Timms has been moved from the Department for Work and Pensions (DWP) to become the Chief Secretary to the Treasury.

The Financial Services Authority (FSA) has said it could regulate the suitability of advice given to people opting out of a National Pensions Savings Scheme (NPSS) should it be introduced.

Frank Field has said that were he in charge of the Department for Work and Pensions (DWP) he would not touch the NPSS with "a barge pole."

The Financial Services Authority (FSA) will decide the fate of the RU64 rule next month when they put their final proposal before the FSA board.

The Association of British Insurer's (ABI) alternative to the National Pension Savings Scheme (NPSS) would aslo eliminate the need for advice based interviews, Lord Turner told the Treasury Select Committee today.

Confusing protection application forms published by Her Majesty's Revenue and Customs (HMRC) has resulted in nearly a third of applications being rejected, according to the latest newsletter from the department.

The Association of Independent Financial Advisers (Aifa) has called on the government to consider the role of advice in the pensions debate, or risk a policy failure.

The Treasury has denied media reports it proposed a pension compromise plan to offer earnings-related pensions to those over the age of 75.

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